ReserveOne to Go Public Via SPAC, Plans to Raise Over $1 Billion to Build Crypto Reserve Platform

On July 9 (UTC+8), crypto reserve platform ReserveOne announced that it will go public through a merger with special purpose acquisition company (SPAC) Ridgeback Acquisition, with a valuation of $2.00 billion and a planned fundraising of over $1.00 billion. The platform focuses on creating stable and transparent crypto reserve solutions and plans to accelerate its global expansion and product development through this merger. If the listing is successful, ReserveOne will become one of the first compliant crypto financial infrastructure companies with reserve transparency as its core positioning. (Source: Cointelegraph) [MetaEra]